South Korea advances toward first commercial hydrocarbon production

April 1, 2002
South Korea's Korea National Oil Corp. (KNOC) continues to advance toward bringing natural gas on stream from Donghae-1 gas field in the Ulleung basin 60 km off Ulsan. Once the field is on line, it would mark the country's first commercial oil and gas production.


By OGJ editors
HOUSTON, Apr. 1 -- South Korea's Korea National Oil Corp. (KNOC) continues to advance toward bringing natural gas on stream from Donghae-1 gas field in the Ulleung basin 60 km off Ulsan. Once the field is on line, it would mark the country's first commercial oil and gas production (OGJ, Apr. 17, 2000, p. 80).

KNOC let multiple contracts to Halliburton Energy Services Group (HESG), a unit of Halliburton Co., Dallas, for the provision of drilling fluids, drilling bits, coring services, measurement-while-drilling and directional drilling operations, and bundled subsea well completion services.

Final planning stages call for the drilling of three subsea wells, which will be tied back to a production platform and pipeline to a gas processing plant onshore.

South Korea is setting its sights on KNOC to provide 10% of the nation's energy requirements by 2010 (OGJ, Apr. 1, 2002, p. 33).